19 June 2022 false No description of principal activity Taxfiler 2023.14 SC735950business:PrivateLimitedCompanyLtd2022-06-192023-06-30 SC7359502022-06-18 SC7359502022-06-192023-06-30 SC735950business:AuditExempt-NoAccountantsReport2022-06-192023-06-30 SC735950business:FilletedAccounts2022-06-192023-06-30 SC7359502023-06-30 SC735950business:Director12022-06-192023-06-30 SC735950business:RegisteredOffice2022-06-192023-06-30 SC735950core:WithinOneYear2023-06-30 SC735950core:AfterOneYear2023-06-30 SC735950core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC735950core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC735950core:PreviouslyStatedAmount2023-06-30 SC735950business:SmallEntities2022-06-192023-06-30 SC735950countries:Scotland2022-06-192023-06-30 SC735950core:AfterOneYear2022-06-192023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC735950 (Scotland)
INGA Property Limited Unaudited accounts for the period from 19 June 2022 to 30 June 2023
INGA Property Limited Unaudited accounts Contents
Page
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INGA Property Limited Company Information for the period from 19 June 2022 to 30 June 2023
Director
Christopher John Hardie
Company Number
SC735950 (Scotland)
Registered Office
8 Ashwood Drive Bridge Of Don Aberdeen AB22 8XE Scotland
Accountants
Granite Accountants (Aberdeen) Limited 199 Westburn Road Aberdeen AB25 2QE
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INGA Property Limited Statement of financial position as at 30 June 2023
2023 
Notes
£ 
Fixed assets
Investment property
128,506 
Current assets
Debtors
1,173 
Cash at bank and in hand
18,233 
19,406 
Creditors: amounts falling due within one year
(92,289)
Net current liabilities
(72,883)
Total assets less current liabilities
55,623 
Creditors: amounts falling due after more than one year
(83,738)
Net liabilities
(28,115)
Capital and reserves
Called up share capital
2 
Profit and loss account
(28,117)
Shareholders' funds
(28,115)
For the period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2024 and were signed on its behalf by
Christopher John Hardie Director Company Registration No. SC735950
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INGA Property Limited Notes to the Accounts for the period from 19 June 2022 to 30 June 2023
1
Statutory information
INGA Property Limited is a private company, limited by shares, registered in Scotland, registration number SC735950. The registered office is 8 Ashwood Drive, Bridge Of Don, Aberdeen, AB22 8XE, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the amounts receivable for rents and services net of VAT and trade discounts.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Additions
128,506 
At 30 June 2023
128,506 
The properties are held at fair value, which in 2023, is based on the initial purchase price plus other directly attributable expenditure.
5
Debtors
2023 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,173 
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INGA Property Limited Notes to the Accounts for the period from 19 June 2022 to 30 June 2023
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
612 
Other creditors
250 
Loans from directors
90,381 
Accruals
1,046 
92,289 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
83,738 
There is a first legal charge over the property known as 22A Riverside Drive, Aberdeen, AB11 7DF.
8
Average number of employees
During the period the average number of employees was 1.
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